What is a USDA Mortgage?

A USDA home loan is a Zero down payment mortgage for eligible rural and suburban home buyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture. The USDA guarantees the mortgage.

Do I Qualify for a USDA-backed mortgage guarantee?

There are Income limits to qualify for a USDA mortgage. This means you must make less than the limit to qualify. These loans are intended for low and moderate income households. The limit depends upon where you live and household size. To check to see if you qualify click USDA Income Limits

USDA guaranteed home loans are only for owner-occupied primary residences. Other requirements are: U.S. citizenship or permanent residency, monthly debt payments you make cannot exceed 41% of your income, dependable income, acceptable credit history with no collections reported in the last 12 months.

Jason has been in the mortgage industry since 2001 and founded Mortgage Lending Associates in 2003. He is an experienced and knowledgeable mortgage executive, he has personally funded over 100 million in residential loans.